Should I Employ An Estate Agent In Selling My Home?

Written by Michael Henry on Oct 23, 2011 8:57 pm

It’s a fair question nowadays, do I really want an estate agent to sell my home considering the services open to me? Actually no you don’t, but my knowledge about both trying to sell a property without any help versus with an estate agent can provide some real-life experience to people who could possibly be struggling with this decision.

It's likely that the very first thing you're thinking of will be the 6% commission you’ll owe to sell your home. When you’re talking about a £290,000 home that’s real money. One of the most popular services ForSale By Owner.com lists houses for as little as £50 up to £500 based on your location. Compared to £12,000 for selling by way of an estate agent that can add up quite easily.

As a result of promoting it yourself you’ve put yourself in place to control most facets of the selling procedure. Obviously it means that it’s completely on you to get this home sold.

You’re given the task of finding prospective buyers, showing them your home and handling the house sale process. This means you get to manage when the property is available to show and you don’t need to be frequently vacating your home when the estate agents are around.

If you enlist the help of Property Wikia you take out all the stress related with this procedure, you're in control.

It’s typical that in a slow housing marketplace, sellers will endeavour to promote their properties without employing an estate agent.

This where Property Wikia puts you in control. They list your house for free with no commission upon the sale of your property, and guarantee to sell your home within 12 weeks or PAY you £100 GBP a week until they do!

As a matter of pounds and logic, this seems plausible-after all, why pay an estate agent 6% of the sale price if you can promote it yourself without having to pay it at all?

The primary reason you shouldn’t try to sell it yourself can be summed up in one word: exposure.

Even if an estate agent doesn’t perform as hard as you’d like to sell your home, they will do something you can’t do, and that’s get the property listed on the local multiple listing service (MLS). Meaning that your home will appear on listings nationally, in addition to all over the local area.

You can’t get that exposure by yourself, and one of the best functions of Property Wikia is that you simply won’t have to pay for any of it. Working without this benefit-especially in a slow market-is like selling your home with both hands tied behind your back.

Persist With Marketing Your Home Yourself!

I realize what you’re wondering, “If I’m hiring an estate agent, why should I have to advertise my house?” Answer: simply because you want to sell it! Appreciate that an estate agent is merely one requirement in your plan to market and sell your home-and you need to employ every method available.

There’s a strong likelihood that your agent will receive the commission even when you sell your home yourself. Most agents will have you sign a listing contract that will provide that they’ll get paid irrespective of who sells the home throughout the duration of the agreement.

It is possible to get around this by including a clause in the listing agreement that specially nullifies the payment of a commission if you sell your home by your own efforts. The agent will try to tell you otherwise and advise you it isn’t plausible, but do your own due dilligence until you find an agent who will.

Sell in 12 weeks – Free to list – No fees on sale – No contract – No problem!

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Mike Henry - Attraction Marketing Expert

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